ConsumerLoanWire.com


Bank of America offers $75 bonus

Posted by Amanda Lynn on March 9, 2010

Bank of America is offering new customers a $75 bonus for opening new My Access Checking Accounts.

Prepaid cards bring gains to Visa, MasterCard

Posted by Amanda Lynn on March 3, 2010

Analysis of prepaid card industry has found that the rising popularity of prepaid cards are having a major impact on the profits of Visa and MasterCard.

MasterCard chief marketing officer to speak at the Global Sports Industry Summit

Posted by Amanda Lynn on March 3, 2010

Larry Flanagan, chief marketing officer and executive vice president, of MasterCard Worldwide, has been announced as a speaker at the Global Sports Industry Summit in Paris, France from September 28 – October 1.

MasterCard and the Bill & Melinda Gates Foundation to provide access to savings and loans in rural Africa

Posted by Amanda Lynn on March 1, 2010

The Bill & Melinda Gates Foundation and The MasterCard Foundation are founding a $16 million program through Opportunity International to provide access to savings accounts and agricultural loans in rural sub-Saharan Africa.

MasterCard to sponsor American Payroll Association’s Money Matters National Education Day

Posted by Amanda Lynn on March 1, 2010

MasterCard has announced that they will be the inaugural sponsor of the American Payroll Association’s Money Matters National Education Day on Sept. 9, 2010 during National Payroll Week.

Plastic Cash International, MasterCard offer MYPLASH prepaid card

Posted by Amanda Lynn on March 1, 2010

Plastic Cash International and MasterCard will now be offering MYPLASH open-loop prepaid gift cards and reloadable prepaid gift cards.

Discover Card earns highest rank in customer loyalty for 13th consecutive year

Posted by Amanda Lynn on February 24, 2010

Discover has earned its 13th consecutive 1st place ranking in the 2010 Brand Keys Customer Loyalty Index. The Brand Keys Customer Loyalty Index examines customer satisfaction and loyalty with 518 brands in 71 different consumer categories.

Hyatt and Chase offer Visa with Hyatt Gold Passport Rewards

Posted by Amanda Lynn on February 24, 2010

Hyatt and Chase have announced a multi-year partnership to create a Visa credit card to offer consumers reward points through Hyatt’s global loyalty program, Hyatt Gold Passport.

Carroll school district looking to launch affinity credit card

Posted by Amanda Lynn on February 17, 2010

Carroll school district, located in Southlake, Texas, is hoping to launch a Dragon affinity credit card to support the school district. Administrators have taken a proposal for an exclusive five-year contract with Capital One to school trustees.

Visa no longer requires signature on most transactions under $25

Posted by Amanda Lynn on February 16, 2010

Visa has announced that it will expand its No Signature Required program to include 98% of retailers on purchases of $25 or less.

Starbucks to discontinue Duetto Visa Card

Posted by Amanda Lynn on February 16, 2010

Starbucks has announced that they have decided to not renew the Duetto Visa Card that began in 2003 and is a partnership with Chase Bank. Consumers will not lose any stored reward value on the credit card.

Bancorp Bank and InsurCard offer prepaid solution to North American Risk Service

Posted by Amanda Lynn on February 12, 2010

Bancorp Bank Payment Solutions Group of Bancorp Bank has joined with InsurCard to offer consumers an instant issue prepaid card to North American Risk Services for their property and workers compensation claims.

Bank of America has earned 1 million “Clarity Commitments”

Posted by Amanda Lynn on February 12, 2010

Bank of America just announced they reached a milestone on their journey to becoming a more user-friendly company. The company has reached over 1 million “Clarity Commitments”, a new one-page summary mailed out to potential homebuyers.

MasterCard Foundation and Equity Group Foundation launch scholarship program

Posted by Amanda Lynn on February 10, 2010

The MasterCard Foundation and the Equity Group Foundation launched a new scholarship program to provide $4.6 million in educational support to 676 Kenyan students over the next five years.

Credit Card fraud increasing at hotels

Posted by Amanda Lynn on February 10, 2010

Credit card hackers steal credit data from the hotel industry more than any other industry.

Subaru Rewards Card from Chase offers rewards for automotive needs

Posted by Amanda Lynn on February 9, 2010

The Subaru Platinum MasterCard from Chase offers rewards in Subaru dollars. Cardholders will earn 3% in Subaru Reward Dollars with a maximum of $500 per year.

Marriott Rewards introduces higher rewards

Posted by Amanda Lynn on February 6, 2010

The Marriott Rewards Visa Signature Card from Chase has introduced enhanced rewards for the frequent-guest program.

RBC Royal Bank to offer Coca-Cola bottle-shaped prepaid Visa cards for Olympic athletes, coaches

Posted by Amanda Lynn on February 3, 2010

As the 2010 Vancouver Winter Olympics approach companies are searching for new ways to connect to the Olympic spirit.

5 steps to boost credit scores

Posted by Amanda Lynn on February 3, 2010

Many New Year’s resolutions were made to reduce debt and improve financial stability, but now people have to figure out how to make the resolutions happen. An improved credit score is possible in 5 steps that many consumers forget to take.

Credit Card companies offer reward points trade for donations to Haiti

Posted by Amanda Lynn on February 1, 2010

American Express, Bank of America, Capital One, Chase and Citibank have all announced plans to allow cardholders to redeem reward points for cash donations to various relief organizations in Haiti.

Consumers spend more than planned during holiday

Posted by Amanda Lynn on February 1, 2010

Even though many consumers were feeling the credit crunch, many still used credit cards more than they had planned to during the holiday season a survey from Consumer Reports found.

New Chicago Cubs Extra Bases Bank of America Credit Card

Posted by Amanda Lynn on January 27, 2010

A new card for Chicago Cubs fans has been released by Bank of America. The Major League Baseball Extra Bases Credit card now features the Cubs logo and offers rewards for all fans.

American Express OPEN and Lowe’s launch small business credit card

Posted by Amanda Lynn on January 21, 2010

American Express and Lowe’s have partnered to launch Lowe’s Business Rewards Card, a credit card for small business owners, in March.

Bank of America, Upromise World MasterCard offers $25 college savings

Posted by Amanda Lynn on January 19, 2010

The Bank of America Upromise MasterCard offers $25 in college savings after the first qualified purchase with the card, 2% additional college savings on gas purchases at Exxon and Mobile, and 1% savings on all other purchases.

NationalCreditReport.com offers no enrollment credit reports

Posted by Amanda Lynn on January 19, 2010

Knowledgeable consumers need to know their credit score but many companies offering for purchase credit reports require ongoing enrollment.

Bank of America offers cash back or triple rewards and 0% introductory APR

Posted by Amanda Lynn on January 13, 2010

Bank of America has introduced a new line of credit cards with the BankAmericard Rewards Visa Signature cards. The new BankAmericard Visas offer a 0% APR for the first 7 to 10 billing cycles on purchases, balance transfers and direct deposits.

Chase Freedom Credit Cardholders to earn 3% cash back

Posted by Amanda Lynn on January 13, 2010

Chase bank offers Chase Freedom Credit Cardholders a constant 1% cash back on all purchases and 3% cash back on purchases in different categories during each quarter.

The Nation Magazine Visa Platinum Rewards Card supports America’s oldest weekly

Posted by Amanda Lynn on January 12, 2010

The Nation has been putting out weekly magazines since 1865 and is America’s oldest weekly magazine. But as print journalism struggles to keep afloat, The Nation is turning to a branded Visa Platinum Rewards Card to help pay bills.

Junk mail is full of critical information

Posted by Amanda Lynn on January 7, 2010

Most junk mail, or perceived junk mail, is quickly tossed aside before ever being opened. Bank and credit card notices often end up in that junk mail pile.

Citi CashReturns MasterCard offers cash for all purchases

Posted by Amanda Lynn on January 5, 2010

The Citi CashReturns MasterCard offers unlimited cash back for cardholders. The rewards card offers 1% cash back on every purchase and a 20% bonus on cash back rewards earned on all purchases for the first 12 months.

Bank of America Rainbow Card supports LGBT community

Posted by Amanda Lynn on January 5, 2010

The Bank of America Rainbow Card Platinum Plus Visa is a tool in the fight for equality and civil rights for gay and lesbian communities.

Secured credit cards repair credit scores

Posted by Amanda Lynn on January 3, 2010

For consumers with low credit scores or no credit history, a secured credit card can be one of the best options to build a healthier credit history. Secured credit cards require a deposit to be made to act as the credit line in case of missed payments.

Bank of America gives admission to museums across the country

Posted by Amanda Lynn on January 3, 2010

Bank and America is continuing its Museums on Us program into the new year offering free admission to participating museums Jan. 2, and 3 with a Bank of America ATM credit or check card and a valid Photo ID.

Citigroup will not renew Zales’ private label credit card

Posted by Amanda Lynn on December 29, 2009

Citigroup has announced the end to a nearly 10-year relationship with Zales’ jewelers. Citigroup will not be renewing the company’s private-label credit card when it expires in March of 2010.

Disney and Chase offer Disney Rewards Visa Debit Card

Posted by Amanda Lynn on December 29, 2009

Disney and Chase have partnered to release a new Disney Rewards Visa Debit Card. The new card will give card carriers similar rewards to the Disney Rewards Chase Credit Card but is instead, linked to a debit account.

Cyprus Bank launches Visa card for women

Posted by Amanda Lynn on December 24, 2009

Marfin Laiki Bank of Cyprus has worked with TSYS payment services firm to launch a new Visa card exclusively for the women of Cyprus.

Accor Hotels and MasterCard offering free night rewards

Posted by Amanda Lynn on December 24, 2009

Accor Hotels and MasterCard are partnering to offer MasterCard cardholders exclusive hotel deals and chances to win a variety of prize packages.

Shoppers hunt for bargains

Posted by Amanda Lynn on December 19, 2009

Sales reports show modest gains over the 2008 holiday season but sales are still low. November sales showed a surprising 1.3% increase but surveys show that shoppers still plan to spend less this holiday season than usual.

100 merchants lose Visa capabilities for negative option scams

Posted by Amanda Lynn on December 19, 2009

Visa has made the decision to terminate services to 100 merchants using questionable marketing called negative options to scam customers. The most common scam is billing customers for what appeared to be a free trial of a new product.

Virgin Atlantic Credit Card offers 65,000 bonus miles

Posted by Amanda Lynn on December 15, 2009

Virgin Atlantic Airways is meeting competitors mileage offers by now offering up to 65,000 bonus miles for first year Virgin Atlantic American Express Card holders.

Blippy makes credit card transactions social

Posted by Amanda Lynn on December 15, 2009

Blippy, a new internet service, allows users to publish credit card transactions to a social network.

Government proposal to affect retail credit cards

Posted by Amanda Lynn on December 10, 2009

As part of changing credit card legislation the Federal Reserve is proposing new laws that will require retailers who offer a store-issued credit card to verify the consumer’s ability to pay off debts.

American Express is testing a new charge card for younger consumers

Posted by Amanda Lynn on December 10, 2009

American Express will soon launch Zync, a new charge card, for consumers in their 20’s. As a charge card Zync will require cardholders to pay the account off in full each month but will have lower fees.

Airlines offering bonus miles with retail partnerships

Posted by Amanda Lynn on December 8, 2009

Many airlines are offering frequent flier members bonus miles by making purchases at partnering retailers. By planning ahead shoppers can buy holiday gifts and begin saving for upcoming travel.

EA Sports to offer debit card reward program

Posted by Amanda Lynn on December 8, 2009

EA Sports and Visa are launching a prepaid debit card with a reward program. The program will let sports fans earn points to buy EA Sports games. Card users will receive reward points for all purchases made with the card.

Black Friday shopping sets new records

Posted by Amanda Lynn on December 4, 2009

Shopping sales over the Black Friday set new records despite declining shopper traffic. ShppperTrak reported that weekend sales increased 1.6% but that shopper traffic declined 1.1%.

New England Patriots Credit Card offers extra points

Posted by Amanda Lynn on December 2, 2009

New England Patriots fans can now show their support with an NFL Extra Points Platinum Plus Visa card from Bank of America.

Charge Large is a new game to teach good credit habits

Posted by Amanda Lynn on December 1, 2009

Charge Large is a new board game inspired by the collapse of the credit card industry and the rise of predatory lending practices.

U.S. Fed to counsel consumers at the movies

Posted by Amanda Lynn on December 1, 2009

The United States central bank has faced criticism for not protecting consumers from risky lending practices so now they are sponsoring advertisements before movie previews at 12 theaters in major cities around the country. The ads will run Nov. 27 – Dec.

Citigroup to sell Diners Club North America to Bank of Montreal

Posted by Amanda Lynn on November 30, 2009

Citigroup has agreed to sell its Diners Club North America credit-card business to Bank of Montreal ending a 28-year relationship to the world’s first charge card.

Salvation Army bell ringers can now take plastic

Posted by Amanda Lynn on November 24, 2009

As Salvation Army volunteers head to their holiday posts in front of stores with bells and red kettles they will now be able to accept credit card donations.

Citi customers can avoid interest charges by meeting spending limit

Posted by Amanda Lynn on November 24, 2009

Some Citibank credit card holders will now be able to avoid paying interest on credit cards by meeting a monthly spending limit. The move coincides with interest rate increases planned ahead of changing credit card legislation.

American Express to buy internet-based payment network Revolution Money

Posted by Amanda Lynn on November 24, 2009

American Express has announced plans to buy Revolution Money from America Online founder Steve Case. Revolution Money is an online payment system that offers free online money transfers and PIN-based cards with significantly lower merchant fees.

Visa releases new reloadable prepaid debit card for unbanked

Posted by Amanda Lynn on November 18, 2009

Visa announced that it will release a new Reloadable Prepaid Debit Card that will be available in Winn-Dixie supermarkets next month.

MasterCard and Facebook partner to help find holiday gifts

Posted by Amanda Lynn on November 18, 2009

Facebook users have a new tool, the MasterCard Priceless Gift Finder, to help them find the perfect holiday gift for everyone on the shopping list.

Federal Reserve finds that banks tighten credit

Posted by Amanda Lynn on November 11, 2009

A quarterly survey conducted by the Federal Reserve found that banks have plans to increase rates, reduce credit limits and to raise annual fees as new laws take effect.

Top credit card benefits

Posted by Amanda Lynn on November 11, 2009

Many credit cards offer consumer benefits that cardholders may not be aware of. These benefits aren’t often used but can save consumers hundreds to thousands of dollars if used correctly.

Consumer credit card debt falls

Posted by Amanda Lynn on November 10, 2009

New statistics from the Federal Reserve show that the annual revolving consumer credit debt fell 13.3% in September. That drop might indicate that consumers are paying debt off and using credit less.

OfficeMax and U.S. Bank offer OfficeMax Visa Signature Credit Card

Posted by Amanda Lynn on November 10, 2009

OfficeMax is offering more than office supplies with the new OfficeMax Visa Signature and Rewards credit card issued by U.S. Bank.

Visa to phase out signature on credit purchases

Posted by Amanda Lynn on November 5, 2009

Visa is in the process of eliminating the requirement for signatures on credit card transactions by April 2013. Visa is transitioning to embedded security chips and PIN’s for increased consumer security.

Platinum Zero secured Visa credit card designed for those with poor credit

Posted by Amanda Lynn on November 5, 2009

The new Platinum Zero secured Visa credit card is ideal for consumers with a limited credit history or a poor credit score. The card allows consumers to set their own credit limit by making a secured deposit from $500 to $5000.

Study finds that Credit Unions offer best credit cards

Posted by Amanda Lynn on November 4, 2009

A new study by Pew Charitable Trust found that credit unions offer consumers the best credit cards in a time when bank offers are less attractive.

Amazon’s PayPhrase is newest convenient, secure online payment alternative

Posted by Amanda Lynn on November 4, 2009

Amazon is offering consumers a new route to easier online payments with less hassle through PayPhrase. PayPhrase links Amazon and other online retailers to one card represented by a customized phrase and PIN.

Jetstar MasterCard exempt from airline booking fees

Posted by Amanda Lynn on October 29, 2009

Australian airline, Jetstar, announced the launch of Jetstar MasterCard, a new low-rate credit card that earns Jetstar dollars and is exempt from flight booking fees. Consumers can begin applying for the card on Oct. 29, 2009.

Technology is possible to create one virtual credit card

Posted by Amanda Lynn on October 26, 2009

Designer Kim Young Suk has created an all-in-one electronic card that can function as any credit or debit card as well as storing transaction information.

Using credit might help prevent HINI

Posted by Amanda Lynn on October 23, 2009

Viruses are spread from person to person as germs are transmitted through contact with contaminated surfaces such as doors, desks, and money.

CTA will allow credit cards and cell phone payments to pay for parking

Posted by Amanda Lynn on October 23, 2009

The Chicago Transit Authority board approved a new contract that will allow customers to pay at park-and-ride lots with credit rather than the current cash only system.

MasterCard launches web-based personal finance service

Posted by Amanda Lynn on October 21, 2009

MasterCard launched Money Manager an online personal finance and budgeting service to help cardholders categorize and manage spending.

Bank of America tests new annual fees

Posted by Amanda Lynn on October 21, 2009

Bank of America recently announced that they will begin testing annual fees on nearly one percent of accounts. The fees will range from $29 to $99.

MLB and MasterCard extend Stand Up To Cancer campaign

Posted by Amanda Lynn on October 14, 2009

Major League Baseball and MasterCard Worlwide are extending their charitable partnership with Stand Up To Cancer through the 2009 postseason games.

American Express launched Reward card with triple and double reward points

Posted by Amanda Lynn on October 12, 2009

American Express announced the launch of its Premier Rewards Gold Card, which provides single, double and triple rewards points for a variety of daily purchases.

Many websites offer consumer credit information and credit scores

Posted by Amanda Lynn on October 12, 2009

As the economy fell so did many consumers’ credit scores as they increasingly turned to credit without being able to make minimum payments.

Bank of America pledges to not raise credit rates ahead of new laws

Posted by Amanda Lynn on October 8, 2009

Bank of America has announced that the company will not hike credit card interest rates or fees to preempt the new industry reform laws that take effect in February.

Discover Zip payment devices to be accepted at Hess

Posted by Amanda Lynn on October 8, 2009

Discover announced that gasoline and convenience-store retailer Hess will now accept Discover Zip payment devices at more than 870 locations in the eastern United States by the end of this year.

Debit card scam uses text to get card information

Posted by Amanda Lynn on October 6, 2009

Suffolk County, New York investigators warn of a debit card scam in which credit union members are sent a text or voice message advising them their debit card has been deactivated.

Avoid scams and credit card theft by pursuing debt-reduction options

Posted by Amanda Lynn on October 6, 2009

Minnesota Attorney General Lori Swanson is fighting back against scam artists trying to benefit from consumers' financial struggles.

Bank of America customers get free museum pass

Posted by Amanda Lynn on October 2, 2009

Bank of America is hosting museum admissions for cardholders around the country. Cardholders will receive free general admission into participating museums, zoos, science centers and other cultural centers as part of the "Museums on Us" program.

Shell promotes 'Saver' Card as credit card alternative

Posted by Amanda Lynn on October 2, 2009

Companies have traditionally targeted college students as potential customers, but with new credit card regulations many companies are finding alternatives.

American Express eliminates monthly fees on gift cards

Posted by Amanda Lynn on October 2, 2009

American Express announced it will eliminate monthly fees on gift cards. This decision goes beyond the legislation requiring limits on gift card fees and is likely to put pressure on competing gift card issuers to remove their fees as well.

Americans show progress on credit card debt

Posted by Amanda Lynn on September 30, 2009

Moody’s Investors Service reports that the United States charge-off rate fell to 10.52 percent, down more than .2 percent from June.

Stanford CardPlan turns student ID into credit card

Posted by Amanda Lynn on September 30, 2009

Stanford students now have the ability to use their student ID card as a credit card at various campus locations. The Stanford CardPlan is newly implemented and allows students to charge up to $1000 on the card.

Bank of America offers cash back for paying bills

Posted by Amanda Lynn on September 30, 2009

Bank of America is offering its customers a cash reward for paying bills online. Current customers will receive $25 cash back for making two online bill payments within a 30-day period using an existing personal or small business checking account.

Fee for credit purchases unlawful

Posted by Amanda Lynn on September 29, 2009

Many convenience stores, markets and coffee shops charge customers a fee for credit and debit purchases under $5.

Improving a bad credit score with new credit

Posted by Amanda Lynn on September 29, 2009

Credit scores can take a dramatic tumble after events such as bankruptcy, divorce or loan defaults. While a strong credit score takes time to rebuild, there are some immediate steps that can be taken to move in the right direction.

Illinois Farm Bureau Visa Card supports Illinois Agriculture in the Classroom project

Posted by Amanda Lynn on September 25, 2009

Members of the Illinois Farm Bureau can apply for an IFB Visa through the Illinois Agricultural Association Credit Union and help support local agricultural programs.

Citi PremierPass Elite MasterCard offers 20,000 bonus points

Posted by Amanda Lynn on September 25, 2009

The Citi PremierPass Elite MasterCard is offering new customers 20,000 reward points.

Guaranteed qualification for prepaid MasterCard from AchieveCard

Posted by Amanda Lynn on September 24, 2009

The prepaid MasterCard from AchieveCard offers 100 percent approval for customers, offering consumers a valuable financial tool.

Bank of America changes overdraft fee structure

Posted by Amanda Lynn on September 24, 2009

Bank of America is introducing a new overdraft fee policy to take effect October 19. The new policy comes as the industry faces criticism for practices that are considered excessive and harmful to customers.

Chase introduces new card options for small businesses

Posted by Amanda Lynn on September 24, 2009

Chase is introducing a new line of business cards called, “Ink from Chase.” The line includes a charge card, Ink Bold, that must be paid in full each billing cycle.

MasterCard and Women’s World Banking create center for leadership

Posted by Amanda Lynn on September 23, 2009

The MasterCard Foundation and Women’s World Banking announced the creation of a WWB Center for Microfinance Leadership. WWB is a global network of microfinance institutions and banks that are dedicated to the economic empowerment of low-income women.

Some grocery stores no longer accepting checks

Posted by Amanda Lynn on September 23, 2009

Whole Foods Market and Fresh & Easy Neighborhood Market have decided to no longer accept checks at checkout.

Credit card thieves target veterans

Posted by Amanda Lynn on September 21, 2009

Credit card thieves are revamping an old scam to steal credit card information from veterans. The Department of Veterans Affairs is warning military veterans that phone calls asking for credit card information is fraudulent and not from the VA.

Alexandria residents offered profitable financial decisions workshop

Posted by Amanda Lynn on September 21, 2009

The city of Alexandria, LA offered its residents a workshop to support education regarding making financially profitable choices and strengthening credit.

Chase unveils 'Blueprint' to help cardholders tackle debt

Posted by Amanda Lynn on September 21, 2009

More than 20 million Chase credit cards have been updated with Blueprint - a set of tools to help cardholders control spending and reduce debt. The new program is in reaction to decreased consumer spending on credit cards as they try to lower debts.

Bank of America offers back to Basic Visa card

Posted by Amanda Lynn on September 19, 2009

Bank of America has announced the launch of a new Basic Visa card that offers the convenience of a credit card, but with one basic rate for all transactions. The rate will not change over the life of the account.

Barwood taxicabs will now accept credit card payments

Posted by Amanda Lynn on September 19, 2009

Barwood taxis, based out of Kensington, Maryland, will now allow riders to pay by credit card. Riders can swipe their own card via a terminal in the back seat.

Capital One CEO predicts no credit card growth in coming years

Posted by Amanda Lynn on September 19, 2009

Capital One CEO Richard Fairbank has predicted the credit-card industry will remain static in coming years as de-leveraging measures change the industry.

Finding the right credit

Posted by Amanda Lynn on September 16, 2009

Finding the best credit card can be an arduous task. During a struggling economy, coupled with changes to the credit industry, the search can be near impossible.

San Diego nonprofit offers credit card certification course

Posted by Amanda Lynn on September 16, 2009

The Institute of Consumer Financial Education, based out of San Diego, is offering a new credit education program that will allow those under 21 to qualify for credit.

Amazon.com Rewards Visa card offers instant cash back and rewards

Posted by Amanda Lynn on September 15, 2009

The Amazon.com Rewards Visa card offers $30 cash back on an Amazon.com purchase within the first few days of purchase using the card and double reward points for all purchases made in the first 90 days.

New credit card laws don't fix bad credit habits

Posted by Amanda Lynn on September 15, 2009

Credit card users are granted a number of protections under new laws and regulations associated with the Credit Card Accountability, Responsibility and Disclosure Act.

Cash back rewards from retailers and Bank of America help customers 'Add It Up'

Posted by Amanda Lynn on September 15, 2009

Bank of America’s new Add It Up program offers customers cash back on purchases made using Bank of America credit or debit card.

HSBC Debit MasterCard rewards online payments with $50 banking bonus

Posted by Amanda Lynn on September 14, 2009

HSBC customers with an online savings account will earn $50 by opening an online payment account and making three HSBC Debit MasterCard purchases by Oct. 31, 2009.

Shell MasterCard cash back rewards decrease

Posted by Amanda Lynn on September 14, 2009

Citi and Shell announced that the co-branded Shell MasterCard will reduce cash back rewards on fuel purchases from 3 percent to 1 percent.

Local banks offer advantages over national banks

Posted by Amanda Lynn on September 14, 2009

National banks have long been considered to have an advantage by being able to offer more services at lower costs. But new banking and credit laws are making small, local banks more attractive.

Stealing identity is not always about stealing money

Posted by Amanda Lynn on September 12, 2009

Many people mistakenly believe that they aren’t at risk for identity theft since they don’t have many financial assets to steal. But credit card thieves aren’t just looking for money or access to credit cards.

Children need financial education before receiving credit cards

Posted by Amanda Lynn on September 12, 2009

New credit card laws taking effect in February 2010 will change the requirements for those under 21.

More credit card companies advertising premium cards

Posted by Amanda Lynn on September 12, 2009

After a dramatic decrease in credit card mailings, credit card companies are responding with a new tactic. They are heavily marketing to more affluent consumers with premium credit cards.

Retailers seek end to storing customer credit card data

Posted by Amanda Lynn on September 12, 2009

Credit card companies currently require retail merchants to store credit card data from purchases. They are also required to invest heavily in technology and other safety measures to protect the credit information from data thieves.

How to prevent credit card limit reductions

Posted by Amanda Lynn on September 10, 2009

Many consumers are seeing credit card limit reductions as card issuers try to protect themselves in a changing economy. But there are steps that card holders can take to prevent card limit reductions.

Elvis Presley Affinity Rewards card to be released

Posted by Amanda Lynn on September 10, 2009

In a joint effort, Elvis Presley Enterprises and CardPartner will release a new Elvis Presley Visa affinity Platinum Rewards card. A majority of the proceeds from the affinity card will benefit the Elvis Presley Charitable Foundation.

Keys to preventing bank overdraft fees

Posted by Amanda Lynn on September 10, 2009

Debit card overdraft fees can hurt consumers who are already struggling financially. Banks allow debit card transactions that exceed available funds to successfully process as a courtesy to consumers and avoid embarrassing situations.

Credit card users should re-examine choice of credit provider

Posted by Amanda Lynn on September 9, 2009

Many credit card users have used the same credit card for years. While having one card with a lengthy history helps boost a credit score, there might be benefits to shopping around for the best card options.

Debit card rewards not equal to credit

Posted by Amanda Lynn on September 4, 2009

Debit cards are slowly becoming the card of choice for American consumers. Consumers are scaling back spending and trying to reduce debt by avoiding credit cards.

Paying off credit balance in full each month may lower credit limit

Posted by Amanda Lynn on September 4, 2009

Consumers are trying to keep accounts as healthy as possible, as credit companies tighten restrictions and lower consumer limits in response to a struggling economy and new legislation.

Wal-Mart to pay employees via direct deposit or MasterCard debit card

Posted by Amanda Lynn on September 4, 2009

Wal-Mart employees will no longer receive a paper paycheck. The retailer announced it will begin paying employees via direct deposit into a bank account or depositing into a MasterCard prepaid debit card account.

Discover scores well in J.D. Power and Associates satisfaction study

Posted by Amanda Lynn on September 3, 2009

Discover was a customer favorite in many categories of the J.D. Power and Associates 2009 credit card satisfaction study.

Citi Forward rewards customers for using credit wisely

Posted by Amanda Lynn on September 3, 2009

Citi has launched Forward, a new credit card that will reward cardholders for healthy spending habits and maintaining a good credit history.

American Express urges consumers to 'Take Charge'

Posted by Amanda Lynn on September 2, 2009

American Express launched a major advertising campaign on Tuesday, urging card users to "Take Charge."

Financial expert writes "A Survival Guide to Debt"

Posted by Amanda Lynn on September 1, 2009

The book, "A Survival Guide to Debt," authored by financial expert Mitchell Allen of the Debt Education and Certification Foundation, offers straight-forward financial advice that is beneficial to all consumers struggling in the economy.

Whataburger restaurants now accepting MasterCard PayPass contactless payments

Posted by Amanda Lynn on September 1, 2009

Whataburger restaurants will soon have the necessary equipment and technology to begin accepting MasterCard PayPass.

Some retailers ignore credit card rules

Posted by Amanda Lynn on September 1, 2009

Many retailers ask to see identification when customers pay using a credit card.

Prepaid cards gain popularity but aren’t without fees 

Posted by Amanda Lynn on August 27, 2009

As many consumers look for a way to rebuild credit or to get credit in a tightening credit market, prepaid cards are gaining in popularity.

Marriott Rewards Credit Cards offer free nights, elite status 

Posted by Amanda Lynn on August 26, 2009

The Marriot Rewards Visa card offers a variety of rewards programs for travelrs ranging from families who take annual vacations to the business traveler spending multiple nights away from home each month.

How credit card legislation helps you 

Posted by Amanda Lynn on August 25, 2009

The first phase of the Credit Card Accountability, Responsibility and Disclosure Act become law last week.

Lower card limits not lowering credit scores

Posted by Amanda Lynn on August 24, 2009

As the credit industry adapts to both the struggling economy and new credit industry regulations, many are lowering consumer credit rates.

Quicken Rewards Visa Credit card offering $30 cash back

Posted by Amanda Lynn on August 20, 2009

Quicken Rewards Visa credit card is now offering new cardholders a $30 cash back bonus on their first purchase.

SonyCard Reward Visa offers $100 card credit with purchase

Posted by Amanda Lynn on August 19, 2009

Consumers in the market for new electronics should consider opening a SonyCard Reward Visa and receiving a $100 card credit with qualifying purchases.

Companies look to new card encryption methods

Posted by Amanda Lynn on August 19, 2009

Visa Inc. and Fifth Third Bancorp are testing a new technique to prevent in-person credit card fraud.

Bank of America no longer requires arbitration to settle disputes

Posted by Amanda Lynn on August 17, 2009

Bank of America has changed its policy that required binding arbitration between its credit card holders and banking customers and the bank.

Discover offers biodegradable credit card

Posted by Amanda Lynn on August 13, 2009

Discover has released a new biodegradable credit card as part of its focus on sustainability and eco-responsibility. The new credit card style can be used with any Discover credit card.

Know all the details before applying for a credit card

Posted by Amanda Lynn on August 13, 2009

Consumers owe it to themselves to find out all of the important information about a credit card before applying for it.

Chase Platinum Visa viable option for consumers with high credit scores

Posted by Amanda Lynn on August 13, 2009

The Chase Platinum Visa is a card with great benefits for consumers who qualify. It offers one of the industry's best packages for a platinum credit card.

American Express and Discover no longer charging over-limit fees

Posted by Amanda Lynn on August 11, 2009

American Express and Discover have both announced that they will no longer charge cardholders an over-limit fee on credit cards.

Budget and Avis offering 20% off car rentals with MasterCard

Posted by Amanda Lynn on August 11, 2009

With more travelers choosing to stay closer to home and save money, using a MasterCard can help make travel a bit more affordable.

MasterCard donates funds to educational programs and charities

Posted by Amanda Lynn on August 11, 2009

MasterCard has made a million dollar pledge to educational programs in the St. Louis region.

ParntersFirst announces University of Nebraska Visa Affinity Credit Card

Posted by Amanda Lynn on August 7, 2009

PartnersFirst Affinity Services announced that the University of Nebraska Alumni Association would be partnering with the service to issue a Husker Rewards Visa credit card.

It pays to know the options banks offer struggling cardholders

Posted by Amanda Lynn on August 7, 2009

As more people are affected by the economic downturn, banks and credit card issuers are working to help delinquent cardholders keep up with payments and get back on track.

Bank of America announces promotion offering customers $50

Posted by Amanda Lynn on August 7, 2009

Bank of America has launched a new credit card promotion offering customers a $50 credit on a new Visa Cash Rewards Card.

Five factors in a FICO score

Posted by Amanda Lynn on August 5, 2009

Understanding how a FICO credit score is calculated is an important part of managing personal credit.

MasterCard offers a variety of prepaid cards 

Posted by Amanda Lynn on August 4, 2009

MasterCard is one of the largest credit card issuers and is becoming a big player in the prepaid market for consumers who might not qualify for a traditional credit card.

Public Savings Bank Visa secured credit card helps build credit

Posted by Amanda Lynn on August 4, 2009

Public Savings Bank has released a new Visa secured credit card with a quick and easy application process.

Cashback cards earn money when used correctly 

Posted by Amanda Lynn on August 3, 2009

Cashback rewards cards allow consumers to earn money by spending money, but only if the credit card is managed correctly.

New measure aims to prevent fraudulent credit charges

Posted by Amanda Lynn on July 30, 2009

The Reserve Bank in India is taking new steps to prevent fraudulent credit charges by requiring more information from consumers making online credit card transactions.

MBTA Charlie Card holders can use online registration and payment options

Posted by Amanda Lynn on July 30, 2009

Boston Mass. Commuters using the Charlie Card to access the Massachusetts Bay Transportation Authority system can now pay for travel cards online.

Linux launches platinum Visa credit card

Posted by Amanda Lynn on July 30, 2009

The Linux foundation, a nonprofit organization dedicated to the growth of Linux, announced the offering of a Linux affinity Visa Platinum credit card to support the advance of the Linux operating system.

Credit card companies offer debt settlements

Posted by Amanda Lynn on July 28, 2009

As unemployment rates continue to increase, more and more consumers are falling behind on credit card payments without a way to catch up.

Credit card fee structure changing

Posted by Amanda Lynn on July 28, 2009

Credit card laws are changing banking practices as many credit card issuers switch cards to variable rates. New credit card laws are requiring credit card issuers to alert consumers of any change in interest rates 45 days before the change takes effect.

Library offers free seminar on credit score basics

Posted by Amanda Lynn on July 27, 2009

Residents of San Marcos, Texas can attend a sponsored seminar to learn the basics of responsible credit use.

World of Warcraft Rewards Visa offers game time with purchases

Posted by Amanda Lynn on July 27, 2009

The World of Warcraft Rewards Visa card is the first of its kind to use game time as a reward rather than cash or travel incentives.

PetRewards Visa credit card offers perks for pet lovers

Posted by Amanda Lynn on July 27, 2009

Bank of America and Hill’s Pet Nutrition have partnered to offer the PetRewards Visa card, a new credit card with rewards for purchases for pets. The new card can be customized with a pet’s picture for those consumers eager to show off their fur babies.

Motor vehicle offices make paying easier by accepting credit

Posted by Amanda Lynn on July 25, 2009

Residents of Douglas County, Colorado might find a trip to the motor vehicle office more convenient now that credit cards are accepted.

What are bad credit card charges?

Posted by Amanda Lynn on July 25, 2009

Credit card issuers look for any indication that a consumer might be struggling financially. Companies are lowering limits, raising interest and now monitoring some card charges in an effort to protect themselves against rising consumer charge-offs.

Credit is still available for those with poor scores

Posted by Amanda Lynn on July 24, 2009

Although it can feel near impossible for consumers with low credit scores to get a credit card, there are available options. The terms may not be preferable but these cards can help rebuild a bad credit history.

Picking the right approach to paying down credit debt

Posted by Amanda Lynn on July 23, 2009

Many credit card users make the mistake of letting credit card debt escalate and not having a plan in place to pay down the debt.

Store credit cards offer different perks

Posted by Amanda Lynn on July 21, 2009

The established big name credit card companies often have some of the best rewards programs, but for some consumers store credit cards are tough to beat.

Bank of America offers cash back program

Posted by Amanda Lynn on July 21, 2009

Bank of America unveiled its new, "Add it Up" shopping Web site, which will provide customers cash back on top of retailers' discounts and credit card rewards. All online banking customers can register their eligible credit or debit card for free.

Steps to take if credit cards or numbers are lost or stolen

Posted by Amanda Lynn on July 17, 2009

Credit cards, ATM cards and debit cards are widely used to make purchases, both in person and electronically, creating opportunities for thieves. Not only can cards get stolen or lost, but the numbers can be stolen as well.

Pentagon Federal Credit Union Visa offers benefits for military personnel

Posted by Amanda Lynn on July 17, 2009

Pentagon Federal Credit Union Visa Platinum rewards card offers great rewards and benefits at a low interest rate. The first step is becoming a member of Pentagon Federal Credit union, which specializes in serving the military.

Money management to avoid credit card fees

Posted by Amanda Lynn on July 16, 2009

Credit cards are convenient but often come with a price in the form of fees and interest. With some planning it is possible to avoid many of the most common fees.

Debit card “courtesy fees” often unclear and unexpected 

Posted by Amanda Lynn on July 16, 2009

Debit cards tout the ultimate in convenience — access to cash at hand without having to write a check and wait for funds to process and transfer. But that convenience can come at a high and often unexpected cost.

Western Union shifts loyalty program to Visa prepaid card

Posted by Amanda Lynn on July 15, 2009

Western Union, a money transfer service company, is making changes in to its Western Union Gold Card. The Western Union Gold Card is the company’s global consumer loyalty program and is now being replaced with a reloadable Visa prepaid credit card.

Protect credit against identity theft

Posted by Amanda Lynn on July 14, 2009

As the economy sinks and credit becomes harder to come by and more expensive for those who have it, identity thefts are becoming an even bigger concern. There are steps that consumers can take every day to protect themselves.

Wells Fargo Visa secured credit card helps rebuild credit

Posted by Amanda Lynn on July 13, 2009

Wells Fargo offers a Visa secured credit card as an alternative to traditional cards. The service is available for consumers with poor or zero credit history.

Steps to choosing the right secured credit card

Posted by Amanda Lynn on July 13, 2009

Secured credit cards are an attractive alternative for those who cannot qualify for a traditional card due to a lack of credit history or poor credit. A secured credit card allows the consumer to build or repair credit history.

U.S. Bank and TACA airlines launce DISTANCIA Visa Credit Card

Posted by Amanda Lynn on July 13, 2009

U.S. Bank and TACA airlines, a premier airline to North, Central and South America, have partnered to offer the new DISTANCIA Visa and DISTANCIA Visa Signature credit cards.

Visa offers prepaid alternative to credit

Posted by Amanda Lynn on July 11, 2009

Visa has entered the market of prepaid cards with the Visa RushCard. The RushCard is touted as offering the convenience of a credit card without the debt — and its a safer alternative to cash.

Get the most from credit during summer travel

Posted by Amanda Lynn on July 9, 2009

Credit is often the most convenient way to make purchases while traveling, but without being prepared, consumers find unexpected fees or other complications.

American Express returns attention to charge cards

Posted by Amanda Lynn on July 9, 2009

American Express announced a return to a charge card to lure back credit shy consumers.

New bank issued credit cards down 38%

Posted by Amanda Lynn on July 8, 2009

The government has made many efforts to boost the floundering credit market, but banks are still not offering new credit cards to consumers.

Credit offers many benefits over debit

Posted by Amanda Lynn on July 7, 2009

Debit cards are quick and convenient, but for those that pay credit card balances in full each month, credit offers many more benefits to consumers.

Hyundai guarantees $1.49 gas for a year with a valid credit card

Posted by Amanda Lynn on July 7, 2009

As gas prices roll over the $3 mark, Hyundai announced a new program guaranteeing a year’s worth of gas at $1.49 per gallon on most Hyundai models leased or purchased between July 1 and Aug.

Paying college tuition with credit card comes with a price

Posted by Amanda Lynn on July 6, 2009

An increasing number of college students are turning to credit cards to cover tuition bills, but now many public and private universities are including fees for credit card payments.

Banks increase fees and interest rates ahead of federal protection laws

Posted by Amanda Lynn on July 6, 2009

The banking industry received a large bailout but is not showing the same forgiveness to the people who will have to fund that bailout.

New credit card law keeps young people away from credit cards

Posted by Amanda Lynn on July 4, 2009

New credit card regulations are making it more difficult for people under 21 to qualify for a credit card. The new regulations are aimed at growing credit card abuse by teens who do not understand the responsibilities and requirements of using credit.

Bridgehampton School Board to consider credit card tuition payments

Posted by Amanda Lynn on July 4, 2009

For parents struggling to pay tuition in the Bridgehampton school district, a decision to allow credit card tuition payments could bring relief.

American Express and Delta SkyMiles offer double miles

Posted by Amanda Lynn on July 3, 2009

The skies are a bit friendlier for DeltaSky members carrying an American Express SkyMiles credit card.

Beware of Credit Negotiator Scams, Analysts Warn

Posted by Amanda Lynn on July 2, 2009

Many out of the proliferation of offers from so-called debt negotiation "experts" are part of the problem facing troubled borrowers, according to financial writers.

Credit card offers decline, annual fees increase

Posted by Amanda Lynn on July 2, 2009

U.S. households are now receiving fewer credit card offers by mail, but more of the offers they receive are for cards carrying an annual fee, according to Mail Monitor, the direct mail tracking service from Synovate.

New cell phone to offfer protection against credit card fraud

Posted by Amanda Lynn on June 26, 2009

By summer 2010, new cell phones will be able to unlock doors, create real-time traffic maps and safe-guard credit cards, Hakan Djuphammar, Ericsson vice president of systems architecture, predicted at the mobile infrastructure company’s Business Innovatio

Taxi cabs add modern credit card payment processing for riders

Posted by Amanda Lynn on June 23, 2009

Recent technological changes have helped taxi companies around the country address what taxi industry experts have called the most common complaint among riders: the inability to pay with credit or debit cards.

American Express reaches out to Advanta's small business customers

Posted by Amanda Lynn on June 17, 2009

Once a leading source of credit for small businesses, Advanta Corp., was forced to shut down all new credit card use in May in an attempt to shore up its troubled finances. American Express has since stepped in to offer new accounts to a number of Advanta

Natrional credit card annual percentage rate drops in June

Posted by Amanda Lynn on June 16, 2009

The national average annual percentage rate on new credit card offers decreased this week, according the Weekly Credit Card Rate Report issued by creditcards.com.

Discover partners with Children's Miracle Network

Posted by Amanda Lynn on June 16, 2009

Discover has joined other major credit card issuers to release a new affinity card with Children’s Miracle Network.

High-end retailer to keep credit card business despite surprising increase in delinquencies

Posted by Amanda Lynn on June 12, 2009

Even high-end retailers are feeling the credit card pinch, a sure sign the current economic woes are hitting formerly strong borrowers.

ATM service provider offers safety tips for ATM, debit card use

Posted by Amanda Lynn on June 11, 2009

PULSE, an ATM service provider that serves more than 4,500 banks, credit unions and savings institutions nationwide, offers safety tips for customers using ATMs and debit card purchases.

Consumer discretionary-spending remains flat despite increased confidence

Posted by Amanda Lynn on June 10, 2009

The Discover U.S. Spending Monitor rose for the third straight month but consumer spending remains low.

Consumer attitudes about economy continues to improve

Posted by Amanda Lynn on June 10, 2009

The Discover U.S. Spending Monitor rose again in May for the third consecutive month. The Monitor rose two points in May to 86.2 on a 100 points scale. That is the highest that the Monitory’s index has been since September. The number of consumers that sa

With declining credit offers, payments could become higher priority

Posted by Amanda Lynn on June 8, 2009

A 2009 survey by Securian Financial Group found that making timely credit card payments has dropped in priority by Americans struggling under the weight of the current economic crisis.

Credit card defaults continue to rise, but stabilization may be coming soon

Posted by Amanda Lynn on June 5, 2009

Though defaults on credit cards continue to hit record highs, a leading index showed delinquent payments dropped for the first time this year.

Capital One's program allows easy charitable donations

Posted by Amanda Lynn on June 4, 2009

When budgets are tight, charitable donations can be of the first casualties. To combat that trend, Capital One Financial Corporation has announced a new program to allow customers to make donations to charities simply by using a credit card.

Delta Skymiles cardholders get added travel benefit

Posted by Amanda Lynn on June 3, 2009

The daily commute got a little bit nicer for Delta Air Lines customers who fly between New York City and Boston or Washington D.C. from now through July 26.

Citi offers thanks to consumers with new reward program

Posted by Amanda Lynn on June 3, 2009

Many people these days are hiding from their credit card companies and cringing waiting for increased fees, higher interest rates and penalties. But some Citibank card users are singing a different tune

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